The new report by Expert Market Research titled, ‘Global LED Driver Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global LED driver market, assessing the market based on its segments like driving methods, products, forms, technologies, components, end uses, and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/led-driver-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 5.9 billionForecast CAGR (2021-2026): 33%As LEDs become more commonly employed as a replacement to traditional light, the global LED driver market is growing at a healthy rate.
As a result of the numerous measures launched by governments throughout the world to enhance the energy efficiency, the global LED driver market is further booming.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/led-driver-marketIndustry Definition and Major SegmentsAn LED driver is a chip or circuit board that controls the power supply and maintains a steady current supply to an LED light with unique energy requirements.On the basis of driving methods, the market is segmented into:Constant VoltageConstant CurrentBy product, the market is classified as:LampLuminaireOn the basis of its form, the market is classified as:Non-dimmableDimmableBased on technology, the market is segmented as :SmartConventionalOn the basis of its component, the market is divided into:Driver ICSDiscrete ComponentsOthersBy end use, the market is classified as:ResidentialCommercialIndustrialOthersBased on region, the market is classified as:North AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaMarket TrendsRapid technological improvements in lighting parts or components have resulted in increased energy economy and effectiveness, boosting demand for the product and assisting the global LED driver market.
The growing use of LED lighting in a variety of applications, such as the indoor, automotive, industrial, and horticulture industries, has boosted the LED driver industry's growth by reducing the requirements for current lighting solutions.
Also, governments in many countries have initiated smart city programmes in order to produce technologically advanced and sustainable living spaces, which are projected to boost the industry's growth because sustainable lighting, such as LED, is a key component of these initiatives.Key Market PlayersThe major players in the market are Maxim Integrated, Inc, Osram Gmbh, Koninklijke Philips N.V., Harvard Power Systems Ltd., Texas Instruments, Inc., Signify Lighting NV, Macroblock, Inc, Seoul Semiconductor, Cree, Atmel Corporation, General Electric Company, and others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.Read More Reports:-Global Foetal Monitoring Market: https://www.expertmarketresearch.com/reports/foetal-monitoring-marketEurope Polylactic Acid (PLA) Market: https://www.expertmarketresearch.com/reports/europe-polylactic-acid-pla-marketGlobal Ceramic Fibre Market: https://www.expertmarketresearch.com/reports/ceramic-fibre-marketGlobal Green Power Market: https://www.expertmarketresearch.com/reports/green-power-marketGlobal Compound Semiconductor Packaging Market: https://www.expertmarketresearch.com/reports/compound-semiconductor-packaging-marketGlobal Baby Food Market: https://www.expertmarketresearch.com/reports/baby-food-marketGlobal Fishing Equipment Market: https://www.expertmarketresearch.com/reports/fishing-equipment-marketGlobal Oat Milk Market: https://www.expertmarketresearch.com/reports/oat-milk-marketGlobal Portable Air Purifier Market: https://www.expertmarketresearch.com/reports/portable-air-purifier-marketGlobal Electric Truck Market: https://www.expertmarketresearch.com/reports/electric-truck-marketNote 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.